The currency pair Australian Dollar to US Dollar AUD/USD continues its movement within a correction and forming a “Triangle” pattern. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between signal lines downwards, which indicates pressure from the sellers of the currency pair and potential continuation of the depreciation of the instrument’s value already at current levels. At the time of publishing the forecast, the Australian Dollar to US Dollar exchange rate is 0.6404. Currently, it is expected that a bullish correction development attempt will occur and testing the resistance area near the level of 0.6445. Then, a price bounce downwards followed by further decline in prices to an area below the level of 0.6285.
Australian Dollar Forecast AUDUSD for May 21, 2025
Additional confirmation of the depreciation of the currency pair AUD/USD will be a rebound from the resistance line on the Relative Strength Index (RSI) indicator. The second signal in favor of this scenario is a bounce off the upper border of the “Triangle” model. Cancellation of the scenario of the fall in the value of the Australian Dollar on Forex would be a strong price rise and a break above the level of 0.6495. This will indicate a break of the resistance area and continuation of the growth of the currency pair AUD/USD with a potential target above the level of 0.6645. Expect confirmation of the depreciation with penetration into the support area and closing prices below the level of 0.6355, which would indicate breaking through the lower border of the “Triangle” model and beginning implementation of patterns with targets down below.
Australian Dollar Forecast AUDUSD for May 21, 2025 anticipates a test of the resistance level near the area of 0.6445. Following that, continuation of the price drop below the level of 0.6285. An additional signal in favor of decreasing the pair would be a bounce off the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the downward scenario will be a strong rise in AUD/USD quotes and penetration into the area of 0.6495. This indicates continuation of the price increase with a potential target above the level of 0.6645.
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